[Animats]

So are they spinning the secondary trading business off into a separate company, or shutting it down completely?

If they shut it down, their claimed US$8 billion market cap goes poof, doesn't it? Maintaining cap tables as a service can't be good for more than a few million a year in revenue.

[ipsum2]

> Fast forward to today, our business is broken down as follows: the captable business is about $250M/year, fund administration is about $100M, private equity is about $20M, and the secondary trading business is about $3M.

$250M is more than a few million.

[Animats]

The poster with the original complaint said they were paying about US$10,000 a year for their cap table service. Are there 25,000 startups using this service?

[ayewo]

Some startups pay Carta more than $10k a year. For instance, in a community I’m in, someone mentioned that they pay Carta $150k/yr. It comes down to how many of Carta’s various services startups find worth paying for.

[nyssos]

Yes, Carta has tens of thousands of customers.